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Soul more than doubles net income

The company improves its consolidated quarterly revenues by 52% thanks to the increase in assets under management from 40,8 to 49 million

Soul more than doubles net income

Anima closed the first quarter with a consolidated net profit of 44,9 million euros, an improvement of 154% over the same period of 2014. Normalized profit amounted to 50 million, recording an increase of 93%. The company underlines how “the particularly positive trend in net inflows continued in the first quarter of 2015, reaching around 2,2 billion euro in the period (compared to 2,4 billion euro in the first quarter of 2014)”.

The total assets under management at the end of March 2015, also thanks to the performance effect of the same, it reached 62,3 billion euro (compared to 57,1 billion euro at the end of 2014).

For net commissions, these reached 49 million euro (from 40,8 million) thanks to the growth in assets under management. Also considering other income, total revenues amounted to 90,9 million euros (+52%).

Ordinary operating costs amounted to 21,3 million euro, an increase compared to 16,8 million in the first part of 2014 due to the higher provisions in the variable component of personnel costs due to the results achieved. Pre-tax profit reached 61 million (+66%) benefiting among other things from the drastic reduction in net financial charges (900 thousand euros from 9,9 million).

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